Preview

Wall Street Journal Project

Satisfactory Essays
Open Document
Open Document
1308 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Wall Street Journal Project
Wall Street Journal Project ECNC 214
Susannah Carnahan

1. “With Jobs Elusive, Young Workers Quit Looking” written by Sara Murray. Found in Business section. Published on August 24, 2011. 2. UNEMPLOYMENT 3. In this article, the author is intending to show how many young workers are no longer looking for summer jobs because it has become increasingly difficult to find work. 4. In this article, the author describes why young workers are no longer looking for summer jobs nor are they being hired for summer work. This summer held the lowest number of young people who found work than any other year on record. “Fewer young Americans found jobs this summer than last year, but because some of them didn’t look for work” (Murray, S. 2011). It was particularly difficult for a young worker to find a job between the months of April-July. “Some 48.8% of young people held jobs in July, the lowest rate for that month based on data going back to 1948” (Murray, S. 2011). The reason behind the difficulty in finding a job during these months is due to the amount of high school students and college students who are looking for summer work and the lack of work available. “During these months, large numbers of high school and college students search for or take summer jobs, and many graduates enter the labor market to look for or begin permanent employment” (Murray, S. 2011). If these young people decide to continue their schooling through the summer rather than finding a job, the economy and the students will benefit in the long run from both higher wages and higher productivity. However if they decide to not return to school or find a job, then both the economy and the worker are negatively affected. 5. The unintended consequence of the author’s purpose is that she gave young people an increased excuse not to look for a job. If a young worker looks at the statistics of actually finding employment, then they may decide it is not worth their effort causing an

You May Also Find These Documents Helpful

  • Better Essays

    The amount of policy’s that have been submitted to the government on unemployment in the last few years has been outstanding. One of the most recent policy’s has been on youth employment. Youth unemployment was at an all-time high in 2013 with 986,000 youths unemployed. It has dropped 253,000 in a year and now youth unemployed sits at 733,000 in Oct 2014. Youth unemployment statistics, (2014) This drop in unemployment has not stopped the government making policies cuts to the benefits that youths can acquire this can happen if they are not employed…

    • 1645 Words
    • 5 Pages
    Better Essays
  • Good Essays

    Study Guide Hdfs

    • 2524 Words
    • 11 Pages

    Arnett- emerging adulthood is driven by change in requirements for work because of the economy, not enough to just have some education need a lot more…

    • 2524 Words
    • 11 Pages
    Good Essays
  • Satisfactory Essays

    Drive in

    • 306 Words
    • 2 Pages

    In our high school year and early college years, many students work the undesirable jobs with the goal of making the big bucks one day. The teen-aged girl realizes this "job is temporary as the summer sun, but right now, it is the boundaries of [her] life." She is beginning a journey into adulthood, understanding the value of grueling work. Through trial and tribulation she recognizes this job is merely a stepping stone to her desired future.…

    • 306 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    Teenagers would have to get a job at a young age to support their family. “I was making 75 to 100 dollars a week in 40 hours.” No one else at a young age was trying to find a job to help out their families. It was hard enough for the teen’s parents to lose their jobs and their family struggles. The families couldn’t afford good food for their kids or afford new clothes.…

    • 525 Words
    • 3 Pages
    Good Essays
  • Good Essays

    In my opinion, the Federal Reserve bank should not 'keep the cash spigot open'. Mr Stein, the president of the Federal Reserve Bank in Boston has stated that low rate policies help the U.S economy, however some institutions and individual investors may take on too much debt, or too many risky assets, resulting in the toppling of banks and other financial institutions.…

    • 369 Words
    • 2 Pages
    Good Essays
  • Good Essays

    “Working at McDonald’s” presented a vary interesting argument. In this writing, working a part-time job while in high school was highly criticized. It talked about how the skills needed in part-time jobs have changed drastically over the years as well as the jobs themselves. Etzioni even goes as far to say “These are breeding grounds for robots working for yesterday’s assembly lines, not tomorrow’s high-tech posts.” He even includes a rather intriguing study that found that “students who worked at least 25 hours per week while in school, their unemployment rate four years later was half of the seniors who did work.” It was stated that those who start off in these chain jobs, such as fast food restaurants, often get “gobbled up” in the world of low-class jobs. A final point made in the essay was that students often use their money in frivolous ways to gain a high status. In order to maintain this ranking, they chose work over school so they can afford their life style; eventually the student drops out completely. With out having an education, the student will never be able to gain a full-time, well paying job. This all because they held a part-time job in high school.…

    • 399 Words
    • 2 Pages
    Good Essays
  • Better Essays

    Some people are concerned that if we were to change the minimum wage rates for young people, it would cause less young people to be hired, and not allowing them to gain any work experience. It has been concluded that raising the minimum wage does in fact reduce youth employment rates, but does not affect labor force participation. (Ragan 1977) Businesses do not want to hire young people for higher rates because they are used to paying them for low wages, but that can also contribute to the fact that adults are losing out on jobs to young people. In order to solve this problem, last year in the UK minimum wage rates for young people were frozen, thinking that this would help create more jobs for young people. When asking the vice chair of the British Youth Council how he feels about the wage freeze, he said that it does nothing to benefit young people, we might as well be asking them to work for free. (Children & Young People Now…

    • 1624 Words
    • 7 Pages
    Better Essays
  • Good Essays

    Summer is a season where individuals can experience activities like camping, hiking, swimming, traveling, etc. However it’s difficult for students to come across these events if there is school all year long. With one month in the summer, there is close to nothing that can be accomplished. A mom of five says, “Growing pains and lessons are learned through summer jobs, programs and freedom with friends” (Butler 1). Kids are only kids till they turn 18. Adolescents need their own free time to explore beyond education since, “A child’s life is not just school” (1). In school, teachers always mention “the real world”, and teens today often apply for summer jobs. Taking their summer away will only take away their chance to experience this “real world” they occasionally talk about. When a student is constantly being blocked by school from experiencing hardships, freedom, independence, or responsibilities, they won’t get the chance to familiarize with the rest of the…

    • 724 Words
    • 3 Pages
    Good Essays
  • Best Essays

    During previous economic recoveries, the hiring of temporary workers has been a leading indicator of improvement in the job market. Shortly after this increase in temp hiring, an increase in permanent employee hiring would result. The 2010 recovery has been different in that the increase in temporary worker hiring continued to grow without any end in sight. At the same time, permanent employee hiring has been stagnant. It…

    • 2095 Words
    • 9 Pages
    Best Essays
  • Good Essays

    teenagers and the less-educated citizens. Jobs of U.S. teenagers and the less-educated are being taken over by immigrants entering into the country. While teenagers and the less-educated search for a job, immigrants are getting hired at local jobs in the same state of multiple jobless citizens. Jobs also help teenagers and the less-educated get off the streets and introduces them a step of independence. Economist found that in 2012 immigration reduces the employment of U.S. citizens under the age twenty-nine. The increase of jobless teenagers and the less-educated should not be overtaken by immigration of other workers. This major decline of U.S. citizens under the age twenty-nine being employed, should be…

    • 529 Words
    • 3 Pages
    Good Essays
  • Better Essays

    Minimum Wage Analysis

    • 2447 Words
    • 10 Pages

    Perry agrees the increase in wages will harm most of the low skilled workers. One can expect further increases in teenage joblessness, which can have long-term consequences that might adversely affect teenagers throughout their lifetimes. Here is how Perry explains that possibility:…

    • 2447 Words
    • 10 Pages
    Better Essays
  • Good Essays

    He mentions that “as many as two-thirds America’s high school juniors and seniors now hold down part-time paying jobs, according to studies.” He gives many reasons as to why it would effect their education. Students with part-time jobs often work long hours and Etzioni adds in that “in fact, these jobs undermine school attendance and involvement, impart few skills that will be useful later in life, and simultaneously skew the values of teen-agers-especially their ideas about the worth of a dollar.” The author continues on and says most of these fast food chains are “far from providing opportunities from entrepreneurship (the lemonade stand) or self-discipline, self-supervision, and self-scheduling (the paper route), most teen jobs these days are highly structured-what social scientists call “highly routinized.” Learning how to operate a cash register or food preparation machine won’t be a skill that can furthermore with you in life. Students quite often choose work over school because of the reward of getting money than staying in school and receiving nothing. He also points out that students who have part-time job do not get high quality jobs after they graduate compared to the students who did not work. In conclusion, Etzioni suggests that parents should take another look at teen employment and encourages teens to go…

    • 478 Words
    • 2 Pages
    Good Essays
  • Good Essays

    I believe that teens (specifically 16-19 year olds) should get a summer job. I’m not saying that they should have a full-time job or work every single day during the summer, but they should at least work a couple of days each week. Young people like them will get a great life experience from being in the work force. For example, they’ll have more social skills by interacting with the customers or with their co-workers, and later in life when they’re adults this will help them a lot. Also, getting a job would help them learn how to budget money. If you think about it ─ your child can put more and more money towards college if they are working, so you wouldn’t have to. And with their own money that they earned by being employed, they’ll appreciate…

    • 965 Words
    • 4 Pages
    Good Essays
  • Good Essays

    Thesis: “People are Unemployed because they want to be”, should not be used as a rationale for the overall level of unemployment currently being experienced.…

    • 829 Words
    • 4 Pages
    Good Essays
  • Satisfactory Essays

    Causes of Unemployement

    • 298 Words
    • 1 Page

    According to a number of economists the rate of unemployment in the United States has not declined now for some time. It is believed that this is due to a lack of education and skills that those who are seeking work have, as the numerous jobs and careers that have been created since our economic shift are specialty jobs, which require technical training and certifications to be considered as a candidate. So our current situation may seem to be the same problem as before, but it is not due to lack of jobs presented in the job market, just rather suitable positions for those whom are seeking work.…

    • 298 Words
    • 1 Page
    Satisfactory Essays